By CBSLA Staff

LONG BEACH (CBSLA) – The fate of the Queen Mary, an iconic rusted, floating tourist attraction, is up in the air after a report commissioned by the Long Beach city council.

The ship is in dire need of expensive repairs that come with eminent risks of flooding. The 54-year tourist attraction has not been turning a profit for various operators that have bailed out of ownership over the years. It is now owned by the city, giving local leaders tough choices to make.

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One option to save the ship is to preserve it where it is at, which would cost anywhere from $25 to 50 million and another five million dollars a year for maintenance.

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Another more pricey option is to put her on land and restore the ship, which could cost up to $500 million.

Or, city leaders could opt to tow her out to sea and sink her and the tourist revenue that comes with her, about $100 million.

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“I feel like they should fix it,” said Delmus Wilkerson, a tourist. “It’s a crucial part of Long Beach. Everybody comes just to see the Queen Mary or to be by here. It’s on the freeway. It’s not going anywhere.”